Leading infrastructure company C&C Constructions is looking to raise about Rs 400-500 crore through sale of 30 per cent stake in one of its subsidiaries, C&C Projects, to private equity investors. The dilution will be of about 30 per cent stake in C&C Projects. C&C Projects, the 100 per cent owned subsidiary of the C&C Constructions, is engaged in road and highways sector projects.
Primarily into the road and highways construction, C&C has also expanded into power transmission, rail freight corridor and urban infrastructure projects in the recent years. The company is sitting on an order book of about Rs 5,400 crore. This includes orders for laying power transmission networks in various parts of the country, construction of a Inter-state Bus Terminal at Mohali and works of about Rs 780 crore of the rail freight corridor.
Company Name | CMP |
---|---|
Larsen & Toubro | 3658.45 |
Rail Vikas Nigam | 373.65 |
KEC International | 757.00 |
Kalpataru Projects | 1205.10 |
NCC | 279.10 |
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